Harvey Pitt Confirmed as SEC Chairman

On Wednesday, the Senate confirmed Harvey Pitt as the next chairman of the Securities and Exchange Commission, replacing previous chairman Arthur Levitt, who left the position in February, and acting chairman Laura S. Unger.

Mr. Pitt is a lawyer who served as general counsel to the SEC from 1975 to 1978. It is expected that the tone of the SEC while Mr. Pitt holds the reigns will be one of less government regulation. In addition, Mr. Pitt has indicated that he expects to review existing securities laws for obsolescence.

Mr. Pitt was nominated by President Bush. There are still two seats on the SEC waiting to be filled by the Bush administration.

You may like these other stories...

The US Securities and Exchange Commission (SEC) has chosen a former partner and vice chairman with Deloitte LLP as its new chief accountant.James Schnurr, who specialized in financial and SEC reporting for public companies...
Summer is a time for kicking back and playing a few round of golf with friends, for example. But if you're on the green, you'd better be careful: The SEC may be looking over your shoulder.In July, the SEC announced...
An examination initiative launched by the US Securities and Exchange Commission (SEC) earlier this week will enable the agency to evaluate whether municipal advisors are complying with new SEC rules that went into effect...

Already a member? log in here.

Upcoming CPE Webinars

Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.
Sep 11
This webcast will include discussions of commonly-applicable Clarified Auditing Standards for audits of non-public, non-governmental entities.
Sep 26
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.